Car Insurance in India

I recently purchased car and some one told to take the Car Insurance want to know more about this. Can you please tell me what the key benefits of taking the Car Insurance and provide me General insurance companies in India so that I can choose for insurance?

[Kiran Chandar]

Car Insurance or motor insurance covers for losses that you might incur if your car gets damaged or stolen.

The premium amount of your car insurance is decided on the basis of Insured Declared Value or IDV of the vehicle.

Key Benefits of Car Insurance

Car insurance plan offers following benefits:

Coverage against loss or damage to the insured vehicle

Coverage against loss or damage to your vehicle caused by accident, theft, fire, explosion, self ignition, lightning, riots, strikes or act of terrorism, natural calamities

Coverage against financial liability caused by injury/death of a third party or damage to the property

Personal accident cover

General insurance companies in India:

Public Sector

New India Insurance
National Insurance Company
The Oriental Insurance Company
United India Insurance Company
Agriculture Insurance Company of India

Private Sector

Apollo Munich Health Insurance Company Limited
Bajaj Allianz General Insurance
Bharti AXA General Insurance Company Limited
Cholamandalam MS General Insurance Co. Ltd.
Cigna TTK Health Insurance Company Ltd.
Future Generali India Insurance Company Limited
HDFC ERGO General Insurance Company Ltd.
ICICI Lombard
IFFCO Tokio
L&T General Insurance Company Limited
Liberty Videocon General Insurance Co Ltd
Magma HDI General Insurance Company Limited
Max Bupa Health Insurance Company Ltd
Reliance General Insurance
Royal Sundaram Alliance Insurance Co. Ltd
SBI General Insurance Company Limited
Shriram General Insurance Company Limited,
Star Health and Allied Insurance Company Limited
Tata AIG General
Universal Sompo General Insurance Co. Ltd.